China's electric vehicle market hits 54% share in 2025 as foreign brands retreat

In 2025, China maintained its position as the largest electric and plug-in hybrid vehicle market, with nearly 13 million units sold, accounting for 54% of total passenger car sales. Domestic manufacturers such as BYD and Geely gained ground while many foreign automakers scaled back, closed plants, or shifted strategies in both China and the United States. Government incentives supported demand, but some subsidies were reduced by the end of the year, slowing overall passenger car market growth.